Marshall Wace LLP grew its holdings in Magnachip Semiconductor Co. (NYSE:MX - Free Report) by 62.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 230,480 shares of the semiconductor company's stock after purchasing an additional 88,223 shares during the quarter. Marshall Wace LLP owned about 0.62% of Magnachip Semiconductor worth $927,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. R Squared Ltd bought a new stake in Magnachip Semiconductor during the 4th quarter valued at approximately $32,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of Magnachip Semiconductor in the fourth quarter valued at approximately $70,000. XTX Topco Ltd acquired a new stake in shares of Magnachip Semiconductor in the fourth quarter worth $145,000. Jump Financial LLC acquired a new stake in shares of Magnachip Semiconductor in the fourth quarter worth $152,000. Finally, Virtu Financial LLC bought a new position in Magnachip Semiconductor during the fourth quarter worth $243,000. 74.26% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MX has been the topic of several research analyst reports. StockNews.com upgraded shares of Magnachip Semiconductor from a "sell" rating to a "hold" rating in a research report on Thursday, March 13th. Needham & Company LLC reissued a "buy" rating and set a $6.00 target price on shares of Magnachip Semiconductor in a research report on Thursday, March 13th.
Get Our Latest Analysis on MX
Magnachip Semiconductor Stock Performance
Shares of NYSE MX traded down $0.02 during trading hours on Tuesday, reaching $3.00. The stock had a trading volume of 15,928 shares, compared to its average volume of 236,483. The company has a market cap of $108.19 million, a price-to-earnings ratio of -2.59 and a beta of 0.77. Magnachip Semiconductor Co. has a twelve month low of $2.51 and a twelve month high of $5.97. The business's fifty day moving average is $3.46 and its two-hundred day moving average is $3.95. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.81 and a quick ratio of 4.09.
About Magnachip Semiconductor
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Free Report)
Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, computing, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, monitors, notebook PCs, tablet PC and TVs applied with liquid crystal display, organic light emitting diodes (OLED), and micro light emitting diode (Micro LED) panel.
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